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Nov 28, 2012
11/12
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CNBC
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well, as you know, we are running over $1 trillion deficit. even if it is a few hundred billion of revenue, it is going to reduce the total amount of borrowing. and it has to be mediate. it can't be a promise for future spending cuts. >> this last point. is it possible to have rules? >> a lot of famous economists say we should have rules on spending. why not have a cap on debt as a share on gdp. why not have that as our goal is to put it as 50 or 60%? >> well, the answer is you could. except we out to be progractica. but whatever laws congress sets congress can break. they have refused to do a budget. it is not a rule it is a law and it is the statute. so, i'm in favor of some of these rules, but i'm recognizing at the end of the day, what matters more is what you send to washington. >> well, we he have a little more than a month to go and nobody seap seems to know how s going to play out. many, many thanks for coming on. cyber monday was a record breaker this year. sales rising 30% compared to this year. mobile dievises played a big role. so
well, as you know, we are running over $1 trillion deficit. even if it is a few hundred billion of revenue, it is going to reduce the total amount of borrowing. and it has to be mediate. it can't be a promise for future spending cuts. >> this last point. is it possible to have rules? >> a lot of famous economists say we should have rules on spending. why not have a cap on debt as a share on gdp. why not have that as our goal is to put it as 50 or 60%? >> well, the answer is...
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Nov 29, 2012
11/12
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KNTV
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plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least one thinks there could be a deal here. >> if i were involved in negotiation like this and everybody was purporting to be where they are, i would say that an agreement is reachable. >> i'm hopeful but i wouldn't put me anywhere near optimistic. >> reporter: one conservative republican is suggesting while negotiations continue on whether the wealthy should pay more, congress should stop tax rates from going up on the middle class now. >> we're not going to raise taxes on those people and i think we ought to go ahead and make that abundantly clear to anybody and take them out of the negotiation. >> reporter: bottom line, no de
plan to capitol hill today. >> i'm very open to a fair and balanced approach to reduce our defic deficit. >> reporter: republicans want to know does that approach include the government spending less money. >> we put revenue on the table as long as it's accompanied by serious spending cuts. >> reporter: white house negotiators are meeting with boehner and top republicans and democrats, executives from big companies heard the plan wednesday at the white house. at least...
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Nov 28, 2012
11/12
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CSPAN
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now we're facing debt and deficit. on the question of labour supply and investment of savings, it is hard to know what the rates would have been. but in general, tax rates to increase porges station in the labour market, particularly for women. there is every -- very strong evidence that lower tax rates make people save more prepared host: did it create jobs? guest: the tax policy itself does not create jobs. employers create jobs. there was a recession and at the bush administration in the beginning and one at the end. that continued into the obama administration. jobs come and go. at the moment, we have a significant job deficit. but i think if we look not just at the bush tax cuts in isolation, but the tax policy over the history of the united states and in other countries, we see the lower chart -- lower tax rates do contribute to getting jobs. host: ethan pollack, as did the bush tax cuts work? guest: they did work in the sense that they cost a lot of money and reduced surpluses. 80% of the debt added during the t
now we're facing debt and deficit. on the question of labour supply and investment of savings, it is hard to know what the rates would have been. but in general, tax rates to increase porges station in the labour market, particularly for women. there is every -- very strong evidence that lower tax rates make people save more prepared host: did it create jobs? guest: the tax policy itself does not create jobs. employers create jobs. there was a recession and at the bush administration in the...
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Nov 23, 2012
11/12
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CSPAN
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the current situation, running annual deficits in the neighborhood of $1 trillion, it is quite clear there is going to have to be a whole range of things that is going to have to be done to get the whole -- the number down to something more palatable. host: pensacola, florida, republican. go ahead, laura perry -- laura. caller: first of all, if $1.20 trillion, right, it is over 10 years. is that a real cut or is it a cut in the projected increase? guest: it is a cut in the baseline, so the projected increase. a very good point. in one year, 2009, we increased spending by almost $1 trillion. it was not just a one-time shot. so, we can't cut it in one year's $60 billion -- in one year, $60 billion? we raised it $900,000,000,000.10 year? that is ridiculous. the military can cut $60 billion. social spending can cut $60 billion. these are projected increases, not cuts. guest: there is definitely a school of thought along these lines saying maybe it is not that huge and level of cuts. the people in the agencies will tell you it would have an immediate affect on their ability to provide ser
the current situation, running annual deficits in the neighborhood of $1 trillion, it is quite clear there is going to have to be a whole range of things that is going to have to be done to get the whole -- the number down to something more palatable. host: pensacola, florida, republican. go ahead, laura perry -- laura. caller: first of all, if $1.20 trillion, right, it is over 10 years. is that a real cut or is it a cut in the projected increase? guest: it is a cut in the baseline, so the...
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Nov 26, 2012
11/12
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CSPAN2
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no more deficit spending. we'll pay for it by having a surtax on people who make more than $1 million a year. and that surtax is .3%. they stopped it. they stopped it dead in its tracks. every republican voted against that. that is the way that they have legislated this entire year. and by our getting rid of the motion to proceed, that we're turning country upside-down is ridiculous. it's not true. they have legislated with the effort to defeat obama. he won. he won by 2 1/2 million votes, 325 -- 327 electoral votes, overwhelming. even though they did everything they could to stop him from being reelected. everyone knows what a failure this congress has been because of what the senate has done and that's nothing. nothing. no job creation. they didn't want that. it would -- if -- if we had had some ability to create jobs, it would have helped obama, it would have helped the country. but, no, that wasn't what they wanted to do. and a terrible day for them last year was the -- several months ago, the supreme cour
no more deficit spending. we'll pay for it by having a surtax on people who make more than $1 million a year. and that surtax is .3%. they stopped it. they stopped it dead in its tracks. every republican voted against that. that is the way that they have legislated this entire year. and by our getting rid of the motion to proceed, that we're turning country upside-down is ridiculous. it's not true. they have legislated with the effort to defeat obama. he won. he won by 2 1/2 million votes, 325...
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Nov 28, 2012
11/12
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CSPAN
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they're important for deficits and debt. but the real question is will people's salaries and incomes grow before they pay their taxes? host: on the republican side they argue you have to extend the tax cuts for everybody otherwise small businesses will be hurt. how did small businesses do under president clinton? guest: small businesses did well under president clinton. the dot-com boom and the peace dividend at the end of the cold war, and relatively good economic policies lifted economic growth for everyone. the fact that clinton had higher income taxes and that helped the deficit, that helped quite a bit. but it was overall economy, overwhelmed, the strength of the overall economy overwhelmed the tax policy questions of the 19 0s. host: ok. from nebraska, a democratic caller. caller: hello. are you there? host: we're listening. caller: ok. my question was on the tax increases. the tax increase for the top earners of the country, over $250,000, does this include businesses making $250,000 or is that just two individuals th
they're important for deficits and debt. but the real question is will people's salaries and incomes grow before they pay their taxes? host: on the republican side they argue you have to extend the tax cuts for everybody otherwise small businesses will be hurt. how did small businesses do under president clinton? guest: small businesses did well under president clinton. the dot-com boom and the peace dividend at the end of the cold war, and relatively good economic policies lifted economic...
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Nov 27, 2012
11/12
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CSPAN2
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no credible deficit-reduction plan we've seen over the past few years excludes real cuts. and if we want to prevent this crisis, democrats need to be as serious about cutting spending as they are about spending. it's that simple. and by the way this is an approach americans overwhelmingly support. according it a recent a.p. poll, voters prefer spending cuts to tax hikes, 62% to 29%, a more thank two-to-one margin. there is a reason for this. the american people aren't stupid. they know the problem with washington isn't that it taxes too little but that it spends too much. the only reason we're talk about a many looing fisca looming fisw is because the democrats spend the last years creating it. i want to talk about how we got into this mess in the first place because amidst all the talks about plans and proposals, it's easy to forget that we didn't get here by accident. we got here because washington democrats, from the president on down, have done two things exceedingly well over the past four years: spend other people's money and kick the can down the road. spend other p
no credible deficit-reduction plan we've seen over the past few years excludes real cuts. and if we want to prevent this crisis, democrats need to be as serious about cutting spending as they are about spending. it's that simple. and by the way this is an approach americans overwhelmingly support. according it a recent a.p. poll, voters prefer spending cuts to tax hikes, 62% to 29%, a more thank two-to-one margin. there is a reason for this. the american people aren't stupid. they know the...
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Nov 25, 2012
11/12
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CSPAN2
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is a relationship between guns and butter, that even though this is a wealthy nation, we cannot run deficits of a certain sort. we have to move the fighting and that would have consequences for his domestic program. he then johnson in the most liberal administration is very clear on this, that you just could not spend limitlessly and he knew that this war was going to impinge on his domestic agenda and virtually everybody. this is well understood. >> guest: it did. didn't really affect spending in 1965. i do want to maintain a 65 is the worst year of the war. not all that many americans actually died -- died in 1965. so if they say from 23,284,000 after 400,000, which was a terrible year, to 550,000 at the time johnson leaves office in 1969. so even that is not enough to win the war. >> that's fairly clear. what also strikes me as interesting is that we think of the war opposition as starting in a way in which there was no war, if there's no student there's no opposition to the war. but what is also striking in your book is how there was a kind of opposition to the war among the chattering c
is a relationship between guns and butter, that even though this is a wealthy nation, we cannot run deficits of a certain sort. we have to move the fighting and that would have consequences for his domestic program. he then johnson in the most liberal administration is very clear on this, that you just could not spend limitlessly and he knew that this war was going to impinge on his domestic agenda and virtually everybody. this is well understood. >> guest: it did. didn't really affect...
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Nov 21, 2012
11/12
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CSPAN
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however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government can only be sustained by a responsible fiscal plans and actions. a credible framework to set a better fiscal policy, one in which the ratio of federal debt to gdp eventually stabilizes or declines, is urgently needed to maintain stability. even as policy-makers address the urgent issue of longer run out stability, they should not ignore a second key objective, to avoid unnecessarily adding to the head winds that are already holding back the economic recovery. fortunately, these objectives are compatible and mutually reinforcing. preventing a sudden and severe contraction in fiscal policy early
however, the cbo projects that under a possible such a policy assumptions the deficit could still be greater than 4% of gdp in 2018, assuming the economy has returned to its potential by then. moreover, under the protection, the deficit and the ratio of federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never accept underpass because the willingness of lenders to continue to fund the government...
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Nov 27, 2012
11/12
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MSNBCW
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we should address the drivers of the deficit and social security is not currently a driver of the deficit. >> they made that abundant ly clear. when they say entitlement reform it does not include social security and what they define it as. grover norquist is having to defend himself after several prominent senate republicans indicated a willingness to break his famous pledge, arguing republicans who agree to tax hikes just like they did under president bush. >> it is important that the republicans don't have their fingerprints all over the murder weapon, their fingerprints all over a lousy budget deal with tax increases and no real spending, just as happened to republicans in 1990 which cost us the presidency in '92. >> "the wall street journal" defends norquist today writing, quote, the voters are smart enough to know that republicans who focus on mr. norquist are part of the problem. interesting calling out those republicans by the wall street editorial. norquist is a bit of a media creation. remember this. he's an easily digestible symbol of ideological purity. the people who actually
we should address the drivers of the deficit and social security is not currently a driver of the deficit. >> they made that abundant ly clear. when they say entitlement reform it does not include social security and what they define it as. grover norquist is having to defend himself after several prominent senate republicans indicated a willingness to break his famous pledge, arguing republicans who agree to tax hikes just like they did under president bush. >> it is important that...
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Nov 21, 2012
11/12
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CSPAN
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he was an influential member on a balanced budget and deficit issues. he did not run for reelection in 1992. several years later while speaking about his public service, he said he had no regrets about not seeking another term. >> the question is does my retiring reflect a feeling of pessimism. not necessarily, but i have served this country and a variety of ways. 4677 years, when i met my deputy. private practice, i ran for the senate. i know 25 years of my life was in public service. although i know i look 45, i am a little bit older. i decided there were some other things i wanted to do. i wanted to write. i wanted to do something as a private citizen. if there had been a two-year commitment, i would have done it. not after another six years, and i have never regretted it, and never looked back. do not misunderstand me. if you read my book, you will get it. i love my service. it meant a lot to me. it was hard to walk away from. there were other things i wanted to do. the easy thing would have been to run for reelection. >> in a few moments, defense s
he was an influential member on a balanced budget and deficit issues. he did not run for reelection in 1992. several years later while speaking about his public service, he said he had no regrets about not seeking another term. >> the question is does my retiring reflect a feeling of pessimism. not necessarily, but i have served this country and a variety of ways. 4677 years, when i met my deputy. private practice, i ran for the senate. i know 25 years of my life was in public service....
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Nov 28, 2012
11/12
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KGO
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and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from getting the post. saying she misled the public about the attack on the consulate in libya. in meetings yesterday, rice tried to smooth things over. it didn't work. >> the concerns i have are greater today than they were before. and we're not even close to getting the basic answers. >> we are significantly troubled by many of the answers. >> reporter: five days after the attack and a round of tv interviews, rice placed blame on an anti-muslim video. >> it seems to have been hijacked, let us say, by individual clu
and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for...
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Nov 21, 2012
11/12
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CSPAN
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the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of gdp in 2018, assuming the economy has returned with potential by then. moreover, under the cbo projection, could deficit and raise your federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never actually come to pass because the willingness of plunder to continue to fund the government can only be sustained by irresponsible fiscal plans and actions. host: that was ben bernanke at the economic club of new york yesterday. looking for your confidence in the u.s. economy. already getting some comments on facebook -- abroad we are taking your comments on twitter, facebook, and calls. we start with joseph from maryland on the democratic line. thanks for joining us. caller: good morning. the issue is -- there are multiple variables. it's not just the fiscal cliff. our economy is interdependent, we are dependent on europe and china and those economies are slowing down. inevitably, th
the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of gdp in 2018, assuming the economy has returned with potential by then. moreover, under the cbo projection, could deficit and raise your federal debt to gdp would subsequently returned to an upward trend. we should all understand that long-term projections of ever increasing deficits will never actually come to pass because the willingness of plunder to continue to fund the government...
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Nov 27, 2012
11/12
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CSPAN
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the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way that includes substantial cuts to discretionary, nondefense spending, over $1 trillion, that includes revenue and includes $430 billion from our health care entitlement programs. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he's actively put forward a plan that -- >> [inaudible] >> i don't know of secretary geithner's precise whereabouts. i can at this moment he was here earlier this morning. i can tell you that members of the president's team are continuing to work on this issue, as are members of congress' team and the congressional leader's team. it does not, i think, make a lot of sense to simply say never mind, the american people and business leaders and small business leaders and civic leaders and labor leaders, you know, cut them out of the process and stop the conversation. the president thinks that's a big mistake. >> [inaudible] wouldn't it suggest to people and the markets that the president meeting wi
the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way that includes substantial cuts to discretionary, nondefense spending, over $1 trillion, that includes revenue and includes $430 billion from our health care entitlement programs. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he's actively put forward a plan that -- >> [inaudible] >> i don't know of secretary...
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Nov 23, 2012
11/12
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KPIX
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mission erased a 14-0 deficit but lincoln later took the lead for good with a two-point conversion. >>> now, the play of the day of from college basketball. memphis' chris with the alley- oop to team may d.j. stephens who dunked it in but in the end, unbelievable virginia commonwealth upset number 17 memphis 78-65. >> i could watch that all day. >> good luck. >> that was a great play. >> 5:25 now. black friday shopping is going full blast and weave we have team coverage. >> look overhead. lots of shoppers full parking lots all people trying to cash in on black friday deals. coming up we'll hear what those deals are. >> reporter: in daly city retailers opened early for door buster deals but one retailer took a different approach and opened later than usual this black friday. i'll tell you who and why. tell me that i did a good job. tell me we'll always be together. ♪ tell me i've still got it. that our traditions matter. tell me you love me for who i am. that you can't wait to be home. tell me you're glad i've joined your family. even if i can't be there this year. just tell me. [ fe
mission erased a 14-0 deficit but lincoln later took the lead for good with a two-point conversion. >>> now, the play of the day of from college basketball. memphis' chris with the alley- oop to team may d.j. stephens who dunked it in but in the end, unbelievable virginia commonwealth upset number 17 memphis 78-65. >> i could watch that all day. >> good luck. >> that was a great play. >> 5:25 now. black friday shopping is going full blast and weave we have team...
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Nov 23, 2012
11/12
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FOXNEWSW
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eye 277
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that exploded the deficit tremendously. both of them voted for two wars, even if you think they were necessary, with no offsetting revenue to fund those wars. when you have spending like that that these republicans backed ten years ago, never had a problem with, and all of a sudden now they're saying we've got principles, you know, where were these principles ten years ago? >> first of all, fiscal conservatives like me were screaming at president bush and others who went down -- >> but where was the primary for those people? >> but remember, remember, the deficit that president bush left barack obama with was something like $450 billion which was bad enough. obama and the democrats have nearly quadrupled that every single year since -- >> but -- >> so there's no comparison to be made. big spending is big spending. what you have now is big spending on steroids. >> but if you've got principles as you just talked about, monica, it's not the numbers, it's the principle. where was the principle of primary in these people that di
that exploded the deficit tremendously. both of them voted for two wars, even if you think they were necessary, with no offsetting revenue to fund those wars. when you have spending like that that these republicans backed ten years ago, never had a problem with, and all of a sudden now they're saying we've got principles, you know, where were these principles ten years ago? >> first of all, fiscal conservatives like me were screaming at president bush and others who went down -- >>...
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Nov 28, 2012
11/12
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CSPAN2
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eye 58
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and so as we assume more and more responsibilities for the states with budget deficits in excess of $1 trillion, what we're going to do is find ourselves at a point where we're going to have to make cuts in programs that are our responsibility. so all i would ask to you do is think about whether or not this is truly a responsibility of the federal government and whether or not we ought to be expanding the program -- well-intentioned, does great work. don't discount that. well-deserved. don't discount that. but is it the responsibility of the federal government? i would actually state to the chairman -- and i'd be happy to have a voice vote on this and not force a vote, because i know the outcome, and we shouldn't waste everybody's time to do that. so with that, i would ask for the yeas and nays and a voice vote and vitiate the vote that's scheduled for 7:00 -- 6:00. the presiding officer: is there objection to that request? href i'm not sure i -- mr. levin: i'm not sure i understood what that request was. the presiding officer: the request was for a vote on the leahy amendment now -- t
and so as we assume more and more responsibilities for the states with budget deficits in excess of $1 trillion, what we're going to do is find ourselves at a point where we're going to have to make cuts in programs that are our responsibility. so all i would ask to you do is think about whether or not this is truly a responsibility of the federal government and whether or not we ought to be expanding the program -- well-intentioned, does great work. don't discount that. well-deserved. don't...
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Nov 28, 2012
11/12
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CSPAN2
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what he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country. it's supposed to be the other way around. so i'm going to tell you how condi has been dedicated to this issue. a year and a half ago i called her up and said convy, i want you to do some thing for me and with me. she said richard coming to b.c. don't even start. i said okay. i said before the end of this conversation come you're going to agree with going to ask you. and she said no way. i said with the council on foreign relations and all of our time working on things like china and mexico and all the traditional foreign-policy issues. we believe the agenda and all things domestic. but
what he said was the deficit in the state of american society. i think that's exactly right. you can look at questions of the budget. you can look at questions of infrastructure. immigration policy. but above all, education policy. this is the future. we're not talking about her physical infrastructure. and joel klein is someone who's given his most recent phase of his multi-career when he discovers the best restaurants in brooklyn, is focused on improving a lot of young people in this country....
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Nov 22, 2012
11/12
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CSPAN
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eye 125
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medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there are commentators on the left that suggest that -- we should not deal with it at all. we have to deal with it. think about the damage -- let's say we could reach an agreement. i happen to believe, i am not an economist by training, but we have been around the south to understand -- that would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technolo
medicare, medicaid, the chief drivers of our president -- deficit. we made a lot of progress, but there is still spending we have to cut. the big bottleneck is republicans in congress on revenue and how much they're willing to come from. democrats will also have to step up and do some tough things. the notion that somehow these deficits and our debt are not a threat to our national security and economic future is something i cannot -- disagree with more strongly, as does the president. there...
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Nov 28, 2012
11/12
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CSPAN2
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they didn't say al qaeda or iran or north korea, what he said was the debt and deficit. i think that is exactly right. above all, this is the future. we are not talking about a physical infrastructure, we are talking about our human infrastructure. joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way around. some going to tell you about the time he has dedicated to this issue. about a year and a half ago, i called a condoleezza rice and i said i wanted to do something with me. and i said richard, don't even go there, and i said okay. and so i said before the end of this conversation, you are going to agree to what i'm going ask to ask you. and she said, no way. i said right. we spent a lot of time on all the traditional foreign-policy issues. we are focused on being domestic and what we want to do is report on education. we don't want a piece on everyone else has done. what we want
they didn't say al qaeda or iran or north korea, what he said was the debt and deficit. i think that is exactly right. above all, this is the future. we are not talking about a physical infrastructure, we are talking about our human infrastructure. joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way...
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Nov 28, 2012
11/12
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FOXNEWSW
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when president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to the table and say dick dishin. let's put it all on the table and let's talk about them instead of going out on air force one and getting people to use twitter >> chris: the american society of pensional they have a warning called. if congress does change yourr tax rate, there is a possibility that you might have big changes to your 401 k. last time congress made changes in congress. 70 percent of the 401 k contributions droppped and the worry is people will stop putting in and we'll stop save that is never good. >> brian: we are not supposed to be able to tax that. and we'll be able to get it out when we are 81 years old. and the other stories making news. brand new video out of syria show rebels shooting down a military helicopter. you can hear them chanting allah is great. and the chopper plunges to the ground and fir
when president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to the table and say dick dishin. let's put it all on the table and let's talk about them instead of going out on air force one and getting people to use twitter >> chris: the american society of pensional they...
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95
Nov 24, 2012
11/12
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CSPAN
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we have a trillion dollar deficit plus. two-thirds of dodd-frank had not been written, etcetera. i have not heard any solutions. i think you are right -- you ought to published on-line bills, we don't do that. i think transparency is great. but we have a real situation that unless it is fixed, this fiscal cliff could be potentially catastrophic especially when it is added to what is happening in europe. what can do you think then begun positively given a deadlock? if we did not get this fixed, would you agree we have a huge problem? >> yes, we have a huge problem. the federal government has run up $5 joe in of that and nothing to show for it the last four years, the economy is weak -- the government has run up $5 trillion in debt. you go back into the century, they have all recoup a lot faster than this one. obama and hoover both reacted the same way to a recession, which was more spending, higher taxes, and massive new regulations and fdr -- who had not done anything hoover had not done already, except the sec, are doing the same thing. i think there was very serious damage done
we have a trillion dollar deficit plus. two-thirds of dodd-frank had not been written, etcetera. i have not heard any solutions. i think you are right -- you ought to published on-line bills, we don't do that. i think transparency is great. but we have a real situation that unless it is fixed, this fiscal cliff could be potentially catastrophic especially when it is added to what is happening in europe. what can do you think then begun positively given a deadlock? if we did not get this fixed,...
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262
Nov 28, 2012
11/12
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KGO
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eye 262
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. >> probably going to be as large as the deficit by next week. seems like everyone is buying tickets unless sadly you live in one of those states -- tsk, tsk -- those eight states that don't take part in powerball. >> you should move. >> it is un-american. >> these are some of the many called powerball refugees. many live in california. doesn't allow you to buy powerball. they have crossed the state line into arizona to buy tickets. powerball not played in california, nevada, utah, wyoming, mississippi, and alabama. >> imagine, california, huge state. imagine if they can get in the mix, the jackpot would be incredible. ooh. all that powerball jack pot, the topic of our facebook question yesterday. >> we wanted to know what would you do with all that prize money? vanessa said, buy a home where my family lives, donate to alzheimers research, help those who've helped me, help some homeless people, donate to a veterans home, feed hungry children. why don't you try solving world peace, too, vanessa. that is very altruistic of you. kudos. >> joseph, i'
. >> probably going to be as large as the deficit by next week. seems like everyone is buying tickets unless sadly you live in one of those states -- tsk, tsk -- those eight states that don't take part in powerball. >> you should move. >> it is un-american. >> these are some of the many called powerball refugees. many live in california. doesn't allow you to buy powerball. they have crossed the state line into arizona to buy tickets. powerball not played in california,...
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89
Nov 27, 2012
11/12
by
CSPAN2
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quote -- "a bipartisan consensus in favor of asking the wealthy to pay a little more to reduce the deficit. the question is how to do it. this is an encouraging development. it suggests that republicans are slowly absorbing one of the lessons of the 2012 election which as elections continue to be wown wop in the middle and victory remains elusive for parties that occupy either the far left over the far right. over the years the democratic party has wrestled with the same issues republicans are facing. when i was elected to congress in 1981, crime was ripping apart my district district. i came to washington with a goal of working to pass new laws to crack down on crime. lo and behold i found the democratic congress at the time was literally outsourcing the drafting of crime legislation to the aclu. i have great respect for the views of civil libertarians but at that time the motto was -- quote -- "let a hundred guilty people foe free lest your convict one guilty person." that dominated our party's thinking on crime for better than a decade. our party suffered for it. we didn't standpoint sn
quote -- "a bipartisan consensus in favor of asking the wealthy to pay a little more to reduce the deficit. the question is how to do it. this is an encouraging development. it suggests that republicans are slowly absorbing one of the lessons of the 2012 election which as elections continue to be wown wop in the middle and victory remains elusive for parties that occupy either the far left over the far right. over the years the democratic party has wrestled with the same issues republicans...